, 1887-03-29
THE BOOM.
Real Estate Men From Abroad In
Cheyenne.
Excitement Yesterday - RumOrs
Etc.---Some Heavy Sales Made.


element in Cheyenne over the real es-
tate boom, which as THE LEADER pre-.
dicted three weeks ago. would not only
come, but has come. This was in some
degree caused by rumors which were
afoat on Sixteenth street yesterday after
moor to the effect hat sales Of land il
"Logansville" and the adjacent country
contiguous TO the city had been made te
the amount of more than $1,000 900, but
while negotiations are pending, and have
been for some days which will result in
some very large sales. yet none such as
would correspond with the rumor, was
made yesterday, although several sales
large and small were actually made. There
are now parties here from the East lsok-
ing over the field with a view of purchas.
ing, ami besides this there are real estate
dealers from Omaha and other points,
among whom might be mentioned q. G..
Darrow, a member of the real estate firm
ofDarrow & Co.. of Denver, who arrived
in the city on Saturday evening. These
men, together with our local real estate
men, know what they are doing and have
some information in regard to the pros
poets of Cheyenne, which are not given
out to everybody, and which are not gen.
orally known. That the Burlington &
Missouri is coming there is, from present
appearances, but little doubt, but aside
from this there is another and more sub
s%tantial reason, which has brought on the
present boom.
Messrs. Riner & johnson yesterday
contaminated the bargains in behalf of
Eastern parties with lot owners in the
vicinity of Lake Minnehaha for the pur-
chase of nearly 100 lots, more than this
the deeds were made out, signed and de-
livered, and it was expected that they
would be brought to the court house for
record, but after waiting until 1t was quite
evident that they would not be left there
yesterday THE LEADER reporter hoping
to have been able to give the names, fig
ures and amounts this morning, was COM
PEELED to turn his attention to something
else and give these facts and figures at the
first opportunity. As before stated, the
number of lots sold was nearly 100, and
the consideration is many thousands OF
dollars. One gentleman who had a half
block to sell in the same neighborhood,
and who had placed the property in the
hands of one of our local real estate deal
ers, when he heard of the extensive sales
alluded to rushed around to the real estate
man and countermanded the order, evi-
IDENTIFY concluding that he will get a better
price by waiting awhile. In addition to
the sale made by Riner & johnson yester.
day, Messrs. Culver & Arnold yesterday
sold to John Roberts more than forty lots
for a consideration of 81, 900. the purchase
comprising q fractional portion of block
COB and all of blocks 476, 541, 542, 555
and COZ.
1t is safe to predict that more and
larger sales are close at hand not only of
town lots and blocks, but also ofimproved
property.
1t should also be stated that the boom
has already begun to extend to other
classes of property than outlying blocks
and tracts of land. H. Altman sold a
lot and n halfon Sixteenth street, between
Central and Warren avenues. for 5000,
and it was stated on good authority last
evening that large brick buildings will
soon be erected on thar and the adjoining
property.
j. w. Bruner was given the agency OF
block ia (close to the cemetery yesterday
by VIM, Myers and was to have all he
could get over 81, 900 as his commission.
In less than two hours Bruner sold the
block to an outside purchaser, and THE
LEADER reporter saw two checks each for
the sun of 5000 which he obtained for the
property.
Riner & Johnson's Office was crowded
at one time yesterday afternoon so that
it would have been almost impossible for
another man to have gotten into the
room. Lots and blocks were bought and
sold almost at the wink Of the eye or the
tip of a finger. One piece of property
was bought und sold three times within
an hour and was eventually bought back
by the original owner, who Of course had
to pay more to buy it back than he got
for it. Many other instances might be
mentioned of siles, but space forbids.
One curious thing was noticed by The
LEADER reporter, and it was that some of
the men who when THE LEADER pre-
dicted n month ago that there was going
to be a boom and kept OF predicting it
while every other paper in the city was
silent, would shrug their shoulders and
smile n CHASTITY, disdanful smile, indica-
tive Of self. conscious pondrosity, were
rushing around in ~breathless haste yes
terdaY with their tongues hanging out 80
far that they had to swing them over
their shoulders to keep them from drag
ging on the ground, and all on account OF
the boom which The LEADER did not
hesitate to predict, and, going further,
pointed out some ct the causes which
wonld lood IN tba Joa;rahla onJ